pt primanur panurjwan

Firstof all, let us praise the Almighty God for His grace and blessings forthe tremendous financial performance achieved by the Company in 2005,as it successfully reached the highest level of net profit in all the42 years of its establishment. Ingeneral, the Asian economic grew immensely throughout 2005, especially.This, in turn, resulted in an increase of demand for transportation ofgoods within these regions, in which the economic growth of acted as alocomotive for the increase of the global movement of goods,particularly in Asia . This positive condition is expected to last for another next couple of years. Wehope the Company would take the advantages of the above favorablecircumstances, and be more aggressively expanding and developing itsbusiness investments, while also maintaining caution and prudence inits new ventures, all in accordance with the Corporate Strategic Planand its four main strategies: Go Logistics, Go Regional, Go Liner, andGo Excellent. Toface the ever competitive challenges in the trade, the Company shouldkeep on strengthening its domestic and regional business network,increase the synergy, and cultivate a mutual cooperation with itsbusiness partners, while also improving the efficiency so as to provideexcellent services to meet the customers’ needs. Somemilestones in 2005 that should be mentioned here are, among others, theCompany’s consortium with Nippon Yusen Kaisha (NYK) and Fiona Trust& Holding Corp. (Fiona) which was appointed to provide servicetanker with the capacity of 145,000 cbm, to carry LNG from Tangguh,Papua. Also, in anticipation of the growth of domestic containerizedcargo and coal, the Company has built new vessels in Surabaya . In the Tanjung Priok port, the Nusantara MultipurposeTerminal has begun its operation, based on the Build, Operate andTransfer (BOT) scheme. These ventures demonstrate the Company’s abilityand competency in capturing and developing business opportunities whilestill maintaining the principle of careful management and goodjudgment. Inthis occasion, the Board of Commissioners would like to express ourheartfelt appreciation to the management and to all the employees fortheir dedication in expanding and strengthening the Company’s businessthroughout the year, both in , as well as overseas. We sincerely hopethat this marvelous achievement would be followed by more similaraccomplishments in future. The same gratitude also to our customers, aswell as the business partners and all for their continuous supports andtrust placed on us. We believe that this good cooperation will carry onthrough the future.